Crossmark Global Holdings Inc. boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,261 shares of the insurance provider’s stock after buying an additional 4,294 shares during the period. Crossmark Global Holdings Inc.’s holdings in Cincinnati Financial were worth $1,594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in Cincinnati Financial by 12,727.3% in the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after buying an additional 1,400 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Cincinnati Financial in the fourth quarter worth about $139,000. WFG Advisors LP lifted its holdings in Cincinnati Financial by 39.4% in the second quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after buying an additional 718 shares during the period. Csenge Advisory Group purchased a new stake in Cincinnati Financial in the third quarter worth about $206,000. Finally, Magnetar Financial LLC purchased a new stake in Cincinnati Financial in the third quarter worth about $219,000. Institutional investors and hedge funds own 64.48% of the company’s stock.

In other Cincinnati Financial news, Director Douglas S. Skidmore bought 650 shares of the stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $70.65 per share, for a total transaction of $45,922.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.25% of the stock is currently owned by company insiders.

Several analysts have commented on CINF shares. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, January 4th. Royal Bank of Canada restated a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. BidaskClub upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $74.67.

Shares of Cincinnati Financial Co. (CINF) opened at $73.97 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a 1-year low of $68.49 and a 1-year high of $81.98. The company has a market cap of $12,179.41, a PE ratio of 27.12 and a beta of 0.87.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. equities analysts anticipate that Cincinnati Financial Co. will post 3.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.87%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 31.75%.

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About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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